Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01876 BUD APAC
RTNominal down19.480 -0.720 (-3.564%)
Research Report

07/05/2021 16:25

{I-bank focus}Morgan lifts Budweiser APAC (01876) to HK$32

[ET Net News Agency, 7 May 2021] Morgan Stanley lifted its target price for Budweiser
Brewing Company APAC (01876) to HK$32 from HK$31 and maintained its "overweight" rating.
The research house said BUD proved its solid premiumization strategy execution, with
market share gain and positive ASP trends in each key market in 1Q. Morgan expects the
strong momentum to continue as the company continues marketing/brand investment in driving
premium and superpremium category in the coming peak seasons.
It noted that BUD raised prices in April in both China (for core and value products)
and in Korea, benchmarking to CPI. Morgan raised its EPS forecast 3% for 2021 and 1% for
2022/23 to reflect the better-than-expected premium and above products' performance in 1Q.

Remark: Real time quote last updated: 15/10/2021 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.